PETALING JAYA: A large-scale operation against scams and money laundering has led to the arrest of four suspects with "Datuk" titles and the seizure or freezing of assets worth over RM3bil. Inspector-General of Police Tan Sri Razarudin Husain said they were among eight suspects aged 44 to 62 detained during Ops Northern Star on March 20. The...
For those who have never thought much about saving money, perhaps this story would serve as motivation to start. Saki Tamogami, 39, is now known as Japan’s “Most Frugal Woman” after achieving her goal of buying three houses in less than 15 years. Saki was just 19 when she decided that she wanted to own three houses by the age...
PETALING JAYA: S P Setia Bhd has initiated legal proceedings against its former senior management over alleged breaches of duties linked to the purchase of lands in Kota Kinabalu, Sabah, as well as the sale of units under the company’s Aeropod project. In a filing with Bursa Malaysia, S P Setia said Datuk Wong Tuck Wai...
CELEBRATING a landmark 50 years in property development, Setia has marked this significant milestone with a grand celebration, reflecting on its five decades of innovation and growth. To ring in the 50th-anniversary festivities, Setia organised a vibrant event, dubbed “Celebrating Spaces” at Oval Lawn in Setia Park City, Setia Alam on July 21, to commemorate the...
The four bed-room apartment was sold for S$12.8mil, boosting her already hefty net worth. Carina Lau is one of Hong Kong’s richest actresses, with an estimated net worth of HK$800mil (S$142mil). Besides acting, the 56-year-old made her riches from her restaurant and nightclub businesses in Hong Kong, Beijing and Shanghai, as well as real estate investments. Together with her hubby, movie legend Tony Leung,...
SINGAPORE: The wife of Chinese billionaire Jack Ma (pic left) has acquired three so-called shophouses in Singapore, the Business Times reported, properties that are among the city-state’s most highly prized. Zhang Ying (pic right) paid between S$45 million (US$34 million) and S$50 million, the Business Times said, without specifying where it got the information. The niche market...
The 1,035 sq ft North Point condo is being offloaded for S$2.7mil a month after her death. The luxury apartment in which late Hong Kong actress Lai Suk Yin took her life has been put on the market a month after her death. Suk Yin, best known for her role in 1996 Hong Kong triad film Young and Dangerous 3, committed suicide by burning...
KUALA LUMPUR: Kenanga Research is keeping Pavilion Real Estate Investment Trust (REIT) as its top sector pick on the back of its earnings resilience. "We believe Pavilion REIT’s premium retail assets are less vulnerable to downward pressure on occupancy and rental rates amidst rising headwinds in the retail sector on the back of sustained high inflation that hurts...
Most of the HK star's residential properties are rented out, and it’s why she’s called “The Queen of Collecting Rent”. Looks like three-time Best Actress winner Charmaine Sheh is not just the “Queen of TVB”, but also “Queen of Collecting Rent”. The Hong Kong star has been investing in real estate for around two decades and is said to own more...
KUALA LUMPUR: Apex Equity Holdings Bhd's wholly-owned subsidiary Apex Development Sdn Bhd is disposing of Menara Apex and the 0.4737ha of freehold land it is situated on in Kajang, Selangor, for RM55mil. Apex Equity estimates the proposed sale will generate net proceeds of RM49.95mil and a gain on disposal of RM39mil, after deducting taxes and expenses, it...
